Thu Sep 19 09:08:35 UTC 2024: ## NTPC Shares Surge on Subsidiary’s IPO Announcement

**New Delhi:** Shares of NTPC witnessed a significant surge today, fueled by the company’s announcement that its subsidiary, NTPC Green Energy, has filed a draft prospectus for its upcoming initial public offering (IPO). The news, which came after market hours on Monday, ignited investor enthusiasm.

At the time of writing, NTPC shares were trading at ₹428.45 per share, up by 3.45%.

NTPC Green Energy, which is planning to raise ₹10,000 crore through the IPO, will be issuing fresh equity shares. The proceeds will be utilized for debt repayment and expansion of its operations in the energy sector.

The company’s share price has demonstrated strong performance over the past year, delivering a 77.72% return. The past six months have seen a further 37.07% rise in share value. NTPC’s market capitalization currently stands at ₹4,15,308.21 crore.

The IPO filing comes amidst a broader positive trend in the stock market, with investors looking forward to the IPO’s opening and potential for further growth in NTPC’s share price.

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